Posting Gann Charts after a very long time.Chart shown that Gann supports near 5640-5660 zone
Chart shows that Nifty hourly mode @ GANN Supports zone 5417-5410. Breakdown below the support zone will target the next support zone 5200
Hourly sell signal in nifty continues with cloud resistance 5462. GANN Supports/Targets are at 5370-5375 zone and 5180-5200 zone.
Daily Chart of Dow Jones shows the long term GANN FAN Chart with instant long term support coming near 9832 zone. Today Dowjones had tested the GANN Support level. AnyFailure to hold above 9800 level on EOD basis could bring more panic into the system as the next level of support comes near 8800 region
Nifty Long term GANN FAN supports near 4692. Charts are bit older(Updated as on 18th May 2010)
Chart shown above is a Nifty 1minute chart with Nifty GANN Fan Indicator. From the chart you could observed that the recent support zone 5240 got broken and the next immediate support available near at 5060. Similarly there is a Ichimoku cloud breakdown in Daily Charts also. Its better to avoid long completely as 5240-5250 zone could be a shorter term resistance zone in comming sessions
Nifty once again in the way of reaching near the long term GANN Resistance point 5420 region. Chart shown above is Nifty Daily GANN Chart. The intermediate GANN Supports coming around 5240 weakness will prevail only on closing below 5240 on EOD basis. Possibly market could move in the range bound fashion between 5240-5400 till this expiry season
Above Chart shows the zommed part of the shorter term GANN Charts with immediate supports around 5200. Failure to hold 5200 means it could target the next support zone of 5025 zone. Shorts are recommended only below 5200 on EOD basis until then its recommended to stay with your longs.
Nifty GANN Resistance near at 5180.However NMA had already delivered the sell signal in nifty. Also it had been observed that still 5200PE has the huge Open Interest among the strike prices. So 5180 could be the next hope for the uptrend to sustain. Failure could be a bad turnaround for the bulls as the next gann support level next to 5180 lies
near 4500 zone
Chart shown here is the long term GANN chart of Hang Seng. From the chart you could observe that Hang Seng is approaching the GANN Resistance region 22300 zone
Last three days of price action in dow is really mindblowing. On tuesday it looks like Dow Jones had broken the GANN Resistance zone after closing above 10,838. But the very next day if had falled and closed below 10,838 decisively. Even yesterday when US market opened and trying test near the 11,000 zone i feels like 11,000. But When i woke up in the morning it is a big surprise for me
Okie here is the Question for you. The Chart shown below is the Long Term GANN FAN Chart of Dow Jones, Which indicates that the long term GANN Resistance is near 10,838 zone. Just Explore yourself that if you could find out any valid technical or fundamental reason to touch 11,000 before April 2010 End